Photo processing software developer Meitu, listed on the Hong Kong Stock Exchange, has acquired approximately 175 BTC worth $ 10 million, according to the firm’s documents.
On March 5, Meitu announced that it had bought 15,000 ETH and 379.12 BTC on the open market for $ 22.1 million and $ 17.9 million, respectively.
On March 17, a subsidiary of Miracle Vision acquired 16,000 ETH and 386.08 BTC for approximately $ 28.4 million and $ 21.6 million. To convert cash reserves into cryptocurrencies, the firm used the services of the brokerage division of Coinbase.
According to journalist Colin Wu, the last deal also involved an American company.
Meitu, an photo editing app company in China, once again purchased 10mln dollars in Bitcoin through Coinbase, and completed the purchase of 100 mln in Bitcoin and Eth. But Meitu’s stock price did not rise as a result. Other companies in Asia and China did not follow up.
– Wu Blockchain (@WuBlockchain) April 8, 2021
The total investment of the developer in the two largest digital assets in terms of capitalization reached $ 100 million.
Recall that on April 5, analytic software provider MicroStrategy acquired about 253 BTC for $ 15 million. In total, the company owns 91,579 BTC for $ 2.22 billion.
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